Personal Finance & Money Stack Exchange
Personal Finance & Money Stack Exchange

Questions tagged [income-tax-refund]

This tag is to be used for questions related to refund of income taxes from a tax authority. A country tag should also be specified along with this tag, as tax rules vary from region to region.

141 questions
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11 answers

Does my tax refund need to be as close to zero dollars as possible?

Am I doing my taxes wrong? I am receiving around 1000 dollars in tax refund, and someone tells me it should be as close as to zero as possible, I thought the tax refund was government giving back most of the taxes that have been taken out of our…
andyADD
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27
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5 answers

How does the government shutdown affect tax returns?

Has a government shutdown in the past affected tax returns? In terms of refunds, is there anything to be expected differently based on historical precedent?
Paul Sweatte
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22
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5 answers

My tax refund is exactly $3000. Did I hit a cap?

My tax refund this year will be $2,043 from the federal government, and $957 from New York State. That comes out to exactly $3000. I figure the chances of that happening are pretty low. Is there some law I'm running into that is capping my tax…
David says Reinstate Monica
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12
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1 answer

Get back unwarranted California state tax

In 2023, I worked on site for a company in California. At the end of 2023, I moved to Texas to work remotely for the same company, so for the whole year of 2024, I resided and worked in Texas. The problem is that my company forgot to change my…
chaohuang
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12
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2 answers

How bad would a leaked tax return be?

If my entire tax return was somehow leaked, how bad would that be? What potentially harmful information is included other than my name and social security number?
Someone
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7
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3 answers

Can I file early and use refund for last year's IRA contribution?

I'm in the odd position this year of expecting a large tax refund (>$10K). I also have not maxed out my 2015 IRA. Lastly I don't have a ton of extra money on hand and don't expect to before April (A large percentage of my annual salary comes at the…
farnsy
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7
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2 answers

Are tax federal or state tax refunds taxable in the next tax year?

If I get a refund from IRS and or from a state tax agency, will that refund be considered taxable income for the next year's federal or state income taxes?
EndlessSpace
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6
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1 answer

I messed up on my tax return... what do I do now?

Possible Duplicate: How can I fix a mistake I made on my income tax filing? [US] So I just did some recalculating on my taxes and realized that I made a gross error (in my favor fortunately). What are the proper steps to fixing this?
James Mertz
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6
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4 answers

Recovering tax money from previous years

Last year I made a reasonable salary and paid nearly 40K in taxes. However, this year I have been living off of savings and have had zero income. I would like to recover some of the money I paid in taxes last year, but I don't know if that is…
Logister
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6
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1 answer

Can I claim moving expenses if I my company paid for the relocation?

I moved from Pittsburgh, PA to San Jose, CA for a new job. My new company paid me $7500 after tax (13,340 before tax). This amount is included in box 1 of my W-2 which I think means it is classified as part of my compensation. Can I claim moving…
user1429322
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6
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1 answer

Is Maryland's Wynne Tax Refund taxable on my federal return?

In 2015, the Supreme Court found a local taxation detail in Maryland unconstitutional as double taxation (Comptroller of the Treasury of Maryland v. Wynne). Residents who doubly paid could then fill out a form and send it to the Maryland Comptroller…
Stershic
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6
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2 answers

Does overpaying estimated taxes lead to loss of non-refundable tax credit?

Say: My total fed tax liability is 60K. I've made estimated payments of 65K. (keeping withholdings out of picture here for simplicity) I'll expect a tax refund of 5K. I also installed solar panels and so expecting a non-refundable tax credit of…
Happy Town
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6
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1 answer

Is my tax return refund unsually late?

Around May this year (2019) I submitted a (late!) tax return for the 2017 fiscal year. I did so by generating the form with some tool, and then mailing it to the IRS office that was specified online. I know the form arrived safely, since I can see…
Guido
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5
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2 answers

How much of my state income tax refund is considered taxable income?

Under the previous tax law, if you itemized and deducted your state income taxes but then got a state income tax refund, the refund was considered taxable income in the subsequent year's federal income tax. Under the new tax laws with 10k cap on…
Spig
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5
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1 answer

If I claim a dependent who owes back taxes, is my refund at risk?

He has had his "refund" confiscated by the IRS in past years to pay back taxes, but didn't make any money last year. He lived with me for the entire year. I want to claim him as a dependent on my return this year to potentially increase my own…
Chowzen
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